Archive for April 20th, 2007
Indian Cement Q4 results are just out. The company had a bumper profits during the quarter. The stock is currently trading at 175.75. Markets says that the results are reasonably good. It may be recalled the cement sector is one of the worst hit in the dip during the February - March 2007.
VC & MD of the company, speaking to a leading media channel, said that the company had seen the good results because of good cost control and that their plant is running with 100%. The cement demand in general too is good (’brisk’).
April 20th, 2007
Hilton Metal Forging has rolled its IPO. The IPO is for 54.5 lakh equity shares of Rs 10 each at a price Rs 70 per equity share. The IPO opens on 18-Apr-2007 and closes on 24-Apr-2007
April 20th, 2007
Top IT Indian Companies Satyam Computer Services Limited and Wirpo announced their Quarterly results today. Like its peers Infosys and TCS that have announced their results last week, the two companies announced a good positive quarter. The guidance also looks reasonable giving a sense that the long term Indian IT advantage is still in tact.
Market analysts say that the rupee appreciation added to the volatility in money market has a big role to play and that this will impact the earnings of IT companies a bit.
April 20th, 2007